2258 Palm Deer Drive
About This Property
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Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 19, 2020 | Sold | ||
| Sold | |||
| Jun 15, 2020 | Listed by Engel & Voelkers Delray Beach | $1,150,000 | |
| Listed by Engel & Voelkers Delray Beach | |||
| | |||
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Lovely contemporary 4Br/2.5Bth home with all the equestrian amenities, including 10 stalls, center-aisle stable, riding arena, studio apartment & 1Br/1Bth guest house. This one has it all! The home boasts a center-island cook's kitchen with quartz counters, 3 sinks, Jenn-Air appliances, 6 burner gas cooking, wine-cooler and ice-maker. The open floor plan boasts lots of natural light, spacious master suite with 2 large walk-in closets, Kohler waterfall-edge spa tub, large glass shower with body sprays, dual vanities and bidet. The new owner's will enjoy the large covered patio with tongue & groove ceiling with views towards the stable & guest house, not to mention the attached 4 car garage. The main barn has 6 stalls & the second barn has 4 stalls w/ AC Tack room. See Supplement Air-conditioned Living Square footage of the main house is: 3,518.
Total of Main house is: 5,101 Sq FT.
There are 7 paddocks in total. 3 paddocks along the front drive & 4 on the opposite side behind the main barn.
The property and the arena is irrigated off of the canal with new 7.5 horse power pump - 15 zones.
Reverse Osmosis water treatment system supplies the house, guest house, studio, paddock spigots, horses drinking water in barn. Newer well which is 110' deep.
The entire property perimeter is fenced & has wire mesh for canine safety.
The exterior of the buildings were painted in 2018.
1000 gallon propane tank supplies gas cooking & there are generator hook ups (generators are not installed).
The home has PGT windows (not impact). House & guest house has shutters and barn has plywood (numbered & tracks).
The covered patio is plumed for summer kitchen.
Electrical: 200 amps at house, guest house, barn & irrigation.
RV hook up with 50 amps. No septic hook up for RV.
Large storage shed, manure bin & shavings bin.
The Barn:
Central fly-spray.
Plumbed for fire system
Solar power roof vents
LED lights
Rubber Pavers
Tack room with portable AC.
Rear Wash Rack - Well water. Side Wash rack - RO water (hot & Cold).
The barn has entertainment center with bar counter, bbq, refrigerator, 1/2 bath.
Studio apt: has full kitchen and full bath.
Guest House: 1Br/1Bth with full kitchen, laundry and walk-in closet, furniture included.
Septic system is in front of the barn with 2 lift stations to the septic.
Income:
$2,250/mo seasonally for 1Br apt.
$1,000 Dry stall
$1,500 Full board
Studio has been occupied by property manager.
Tenants were charged for manure removal, $50 for internet & 40% of electric bill.
| |||
| May 28, 2020 | No longer available | - | |
| No longer available | |||
| Jan 8, 2020 | Listed by Allegiance Realty Services Inc | $1,200,000 | |
| Listed by Allegiance Realty Services Inc | |||
| Nov 19, 2019 | No longer available | - | |
| No longer available | |||
Property Highlights
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017